larry summers fed chair

Politics
A coalition of progressive groups and big donors pressed Senate Banking Committee members to oppose a Summers nomination
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Former U.S. Treasury Secretary Larry Summers has removed his name from consideration for Federal Reserve chair, The Wall Street Journal reported on Sunday.
Politics
Looking backwards at this debacle, it's clear that Obama's economic team did not serve him well, either substantively or tactically. Summers as chair of the Fed was always going to be a lightning rod, because of his temperament, his sketchy record as president of Harvard, his close association with the deregulation that invited the financial collapse, and the high-profile consulting gigs on Wall Street that he took since leaving government in 2010. Tactically, what unfolded in August and September was bizarre. Instead of the administration vetting Summers for hidden confirmation problems, deciding that he was an acceptable risk, and Obama announcing the appointment, what we got was a slow drip of leaks that Summers was the president's first choice. But that only served to rally Summers' opposition. It would have been much more difficult for opposition within the Democratic Party to fester if Obama had simply announced his choice.
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In addition to Yellen, Obama has interviewed former Vice Chair Donald Kohn for the chairmanship. In recent weeks, Democratic
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Democratic leadership in the Senate have warned Obama that a Summers nomination will result in a "very tough" confirmation
Politics
Democrats worry that Summers would be too friendly to Wall Street and that his gruff leadership style could put the stability
Politics
The letter seems to be a veiled critique of former Obama economic adviser Larry Summers, who was a champion of deregulation
Business
In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.
Business
The widening circle applauding megamillionaire Larry Summers -- of Harvard University, Washington, D.C. and Wall Street -- agrees on one word to describe the colossal failure -- Brilliant!
Business
"I wouldn't want Larry Summers to mow my yard." That little gem was uttered Monday by Senator Pat Roberts in what has to be a fight the White House really doesn't want to have right now.
Politics
The Wichita Eagle reported that Roberts also said he supported Yellen, currently the Fed's vice chair, for the top spot, although
Politics
"I have a range of outstanding candidates," said Obama. "You've mentioned two of them ... and they're both terrific people
Business
But even Summers' supporters concede that Yellen is bright and qualified. In addition, she’s done the best job of anyone
Politics
In the end, West admits that Summers is a very smart person, but, he said, that's not enough for the next Fed chair. "Larry
Business
The film director Alex Gibney wrote in The Daily Beast about Summers' Enron connection back in November 2008, when President
Business
In answer to the question, "Why on earth should Larry Summers be chairman of the Federal Reserve?" his supporters usually allege that he is great in a crisis. Whether you believe that depends on your definition of "great." In fact, there is plenty of evidence that Larry Summers is actually kind of terrible in a crisis.
Business
As a man mired so deeply in Greenspan Economics, Summers is simply not capable of recognizing the dangers of letting the banking industry run fast and loose, or of grasping the wisdom of regulated capitalism.
Business
Slate's Amanda Marcotte says she has heard that the sexist whisper campaign against Yellen has been encouraged by supporters
Videos
President Barack Obama is leaning towards former White House Economic Adviser Larry Summers as his choice to replace Ben Bernanke as chairman of the Federal Reserve, according to people who have been briefed on the administration's thinking.
Politics
Others who have been briefed by the administration cautioned that the decision is not yet final. As speculation that Summers